Olympus shares plunge 24%.....

Started Oct 17, 2011 | Discussions thread
Triumph Steve Senior Member • Posts: 1,016
Re: Thanks guys (nt)

I used to work for a major Swiss bank, and observed numerous practices that appeared to be unethical, and perhaps violated US banking laws and reporting procedures. It all had to do with shifting money around and not reporting it, in order to avoid taxes or IRS reporting of large transactions. Perhaps Olympus was engaged in some creative financial "restructuring" that was best left unmentioned, due to the nature of what occurred. The goal might have been to strengthen Olympus' financial condition in a way that might not be possible in a normal sense governed by Japanese financial restrictions. The former CEO could have stumbled upon it and went public, whereas a Japanese CEO would not have done so. I am just suggesting the matter could be tied to "creative" (i.e. unethical) corporate financial replacement of funds by the company.
Steve in Chapel Hill, NC
Hebrews 11:1

Personal photo web site: http://triumph.smugmug.com/

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